The LibertyCast is a place for the discussion of Liberty, The Constitution, politics, limited government, fair taxation, capitalism, education, history, news, current events, etc, and occasionally the arts and entertainment too. This is a weekly political blog; time permitting. The blog is slowly expanding into a small community including a companion site, message board, a growing network and affiliates.

Well here is an update about things going on with the LibertyCast. In absence a new project has been in the works. We will see a new change in the next few upcoming months. Everything is being redesigned to become a new network of information, connectivity, and resources.

We are becoming self hosted under the banner of a new blog that is more journalism centered on national and world economies. LibertyCast will still be available as the editor's blog so no fears the LibertyCast isn't going anywhere.

However, this isn't all. A new specialized Wiki will come that is economics focused built on MediaWiki. We will also incorporate a new social network that will be designed to help others to not only be educated about economics and world economies but also do it in a sense that helps people better themselves. The social network allowing for communication abroad will give opportunity for all to discuss problems worldwide and attempt to come up with solutions that can be effective and realized.

Other ideas are being hatched, including the possibility of going non profit, for philanthropic and charitable efforts.

"79 permit entry into and investigation of the premises; (2) to close, direct, and compel the evacuation of, or ...120 public health authority or its designee, an officer authorized to serve criminal process may arrest 121 without a warrant any person whom the officer has probable cause to believe has violated an122 order given to effectuate the purposes of this subsection and shall use reasonable diligence to123 enforce such order.124 Any person who knowingly violates an order of the commissioner125 or its designee, …shall be punished by imprisonment for not more than 6 months, or by126 a fine of note more than127 one thousand dollars, or both"

This so obviously VIOLATES

"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized."

Which just happens to be the 4th amendment of the US Constitution.

Being that 35 out of the 40 senators are Democrats and that Governor John Corzine is a democrat (who just happens to be all too cozy with President Obama) I suspect there will be little federal (if any) action in regards to this.

Everyone should call Senator Richard Moore (as seen in the video above) at 617-722-1420 and call him out on his unconstituional and fascist legislative intentions!

It is about time the the Federal Reserve be held accountable for itself. The Federal Reserve has secretively manipulated public money in the private sector for way to long. The Fed can manipulate money, create it from thin air via "programs", as they call it, and this can be incredibly damaging to the economy.

What they propose is the use Keynesian economics to bring us out of this depression. This doesn't work because it requires control of spending which our government and the Fed have shown they do not have the responsibility to do this. This use of supply side economics in overburdening our economy with over investment and malinvestment is what got us here in the first place. And now the Fed wants to do the same with our currency.

Bernanke of the Federal Reserve in the PBS Frontline special stated that the Reserve was becoming more transparent by offering a summary (in their own words) of their meetings to the comptroller general. This is not transparency because they offer only what they want us to see. You can see this special online here. Just go there and click "Watch Online".

What has been proposed by Rep. Ron Paul is H.R. 1207 Federal Reserve Transparency Act of 2009. This allows that now a complete audit of the Federal Reserve must be presented as required. It does not give control over them, but does present legitimate supervision of what they are doing to our economy. This is a great piece of legislation and is gaining momentum. You can take a look at the legislation here. There are currently 222 cosponsors to this legislation in the House of Representatives which you can find here. Enter in your zip code and if you do not find your representative presently cosigning this bill please call them immediately and ask them for their support of H.R. 1207!

Senator Sanders has since proposed a similar bill to the senate, S. 604 which you can find here. This has been moving more slowly in momentum, but still has hop so please call you senator as well!

Since this time the Federal Reserve is attempting to fight back! They have highered lobbyist Linda L. Robertson of John Hopkins University. She has worked in the treasury and was an infamous lobbyist for Enron before their collapse. You can find this article about her new position here, and her bio here. Please don't give the Federal Reserve the opportunity to stop this legislation. Please make sure that your Senators and Representatives have got aboard. Quash the secrecy, and promote accountability. All it takes is a phone call.

If you are not sure who your Representative is go here and enter your state and zip code.You can find out you Senator as well by going here.

Pardon the long delay in the release of this post. With finals occupying much of my time and then constant problems with my internet provider I have had limited time and access to the internet to get much of anything of substance done.

I would like to bring up again the monetary and economic complications that the United States is currently going through. With all this talk over the mainstream media of how we are finally beginning to see the economy turn around I actually beg to differ.

Many liberals have such huge issues with Reaganomics/Trickle Down Theory/Supply Side Economics, regardless that in proper conditions it actually works, find this application entirely unfair, and justly right they are. As supply side economics increases economic investment and potential this is only truly effective when that investment is needed. When the demand or spending cannot meet the supply the economy it becomes overburdened and unstable.

Would you increase the height of a table without increasing the lengths of it's legs to support itself and expect it to prop itself up in thin air?

Of course not, that doesn't make any sense at all. Unfortunately, politicians and intellectuals coupled with the impact of the mainstream media fail to make sense of it for the common people. This of course is for numerous reasons to their own ends, but that is too long a subject for this article alone.

Well, President George W. Bush lead the charge in just this in recent years, and when other scams and rotten behaviors caught up to itself (such as the subprime mortgage crisis which I talk about it the following article here) the economy began to collapse in on itself. This has lead the United States to where it is at today. So how do you fix this? Well, there are actually numerous options, but practically none that either the government and private-sector can both agree upon exist in the same.

To increase demand to meet the supply our last effort has been to provide tax cuts to the middle and lower classes, those who typically spend money rather than invest it. Unfortunately, this really hasn't had the impact most of the media is attempting to feed us. Economists are saying in essence, as I compared before, that what has happened is that the table in mid-air has lowered itself back to the legs of the table. So yes, the economy is beginning to stabilize itself to some degree though in not as an efficient condition as it was prior to the crash.

To explain this further, look at all the lay offs that have been occurring, the businesses closing and consolidating, and overall unemployment levels. This has been the fatty investment that has been trimmed from our economy in order to compensate and balance itself out.

So why bring up what many are finally are beginning to learn and may be even understand already? Well, frankly we are still potential victims of the same treatment; now by the Federal Reserve.

The Fed, in order to compensate for a lack of supply of money is increasing that supply of money. Does that sound so fishy? Not yet, but stay with me. This lack of money is in banks. First, know that when banks do not have the money to make good on their loans and investments it is customary to borrow from other banks. BUT the other banks are in the same predicament this is where the Federal Reserve kicks in. The Fed buys bonds from the banks to give those banks more money to work with. But where do they get this money? May be you might say they create this investment in the economy out of thin air? Sound familiar? To be a bit more specific when the United States doesn't have the money it utilizes various programs such as increasing trade opportunities with foreign countries, such as China, for whom we are now indebted to.

So even though this is not a literal case the Fed, is in theory, just printing more money to make up for the lack of money. This reduces the value of the dollar ultimately creating inflation once exiting the depression the United States is currently in. The cost here is that we have to make good on those other programs and agreements, and must (timely) remove ourselves from them to reduce the period of inflation; restoring the value of the dollar. Again, a complicated manner because as we may begin to finally have money it begins losing its value...

Regardless, if you agree with me or other economists or not, if you believe that supply side economics is unjust as it unfairly favors the rich, how could you possibly support the same from the United States own semi-central bank? The Fed creates all this faux and unstable money to the benefit of big banks and corporations and while the common man is hurting from the deflation, lack of employment opportunities, and rising costs the businesses with this hidden money enjoy the windfall until the inflation catches up. All at the expense of the American tax payer. But as one might argue that the Federal Reserve doesn't use tax payer dollars as I already stated (they use money from elsewhere), directly, you are correct, but indirectly not. The American taxpayer pays taxes, if they even have work, and the value of the dollar goes less far for them while they get free money which will continue to impact our own economy as the value of the dollar goes down.

So how is it fair then that it is unfair for our government to propose tax break for the rich and those with investment in the economy, but then it is okay for the same treatment towards the lower and middle classes when a more centralized power does the same thing?

It is not. The principle is the same in one as it is in the other. Government involvement and regulation is not always the answer. The Federal Reserve is privately owned, but the impact of the government with in it is substantial. Government made poor decisions and took us to where we are and yet the same principle applied elsewhere is somehow expected to not do the same thing.

With this is my plea to please reconsider what government and the media keeps telling you and look to the real experts not bent in bureaucracy for the real truth. Keep an open eye and ear not always bent in government in that may we may all find the truth in real freedom and liberty.

This is so outrageous to me that we allow Washington to grant these kind of hypocritical and unstable powers just so that they have money to borrow against when they want it as they desire. And on top of that then to end up with all of this talk about credit card debt, of course the government is the exception. Not like the government should have to work within its means. I have always been skeptical of the gold standard because it is a limited resource, but now I'm beginning to believe that is its blessing. It would provide a nice check against the current ways of doing things.

So Obama wants to repeal the Conscious Clause which allows physicians and pharmacists to opt out of contraceptive methods that they disagree with. So obviously this boils down to the abortion argument.

Personally I lean to the right on this and I consider myself Pro Life. That being Pro Life, not Anti Abortion. I look at it from a somewhat combination of abstract and logical thought. What preserves the the highest quality of life. But for this article this is not quite about me or my personal views.

This is about women's rights and women's choice. This is an argument on equality, and that they should be able to have these things done if they want to. However, what about the medical practitioner's choice? What about they choice to want to do it or not? The women have this choice so why should we discriminate against others in this favor? This is absolutely discrimination in my mind. That one party is favored with a double standard that is unfair.

Now this is somewhat of a mute argument because there will always be people out there who will practice this and there certainly is not some kind of substantial shortage. And who would want someone to practice these methods on them who don't do them and are not practiced in them anyway? My thoughts is that there will be very few out there, if any, that will opt to have an abortion by someone who wants nothing to do with it over the next guy who will.

Though out of principle this is discrimination. I really do not think that this will be fair and that it should not pass. Practitioners shouldn't be opted out of the argument for one side of the argument only.

What would the world be like if we didn't have military bases across the world policing it's countries?

What if we didn't have a base in Germany or South Korea or so many others?

What if we weren't in Iraq?

What about Afghanistan or Pakistan?

What if we remembered why our founders wanted a more non interventionist foreign policy?

What if we stopped wars relying on special interests?

What if we stopped the partisan bickering and worked together?

What if?

But before we can get to what if we must all stand together and ask our leaders:

Why?

Now I agree with this almost entirely, but not quite 100%. I think we do need to pull back heavily on our interventionist policies, be more defensive than offensive, and need more worldly cooperation to act as outward as we do. But I also think that the War on Terror is justified to the extent in that we do not let terrorists keep taking shots at us for free. Iraq did not fly planes into the World Trade Centers; it was not an intelligent move and indefinitely a wrongful choice from the beginning. We should have focused all our resources to Afghanistan and Pakistan. This could cause us lots more problems, and this should have been the "long haul" decision we made from the very beginning. At this point I'm not sure we have the real resources, morale, or support to pull it off any time soon. Right now we all need to turn to Washington and keep asking our leaders...

Tomorrow, March 3rd, residents of Davenport, IA have an opportunity to vote on The Davenport Promise. This is absolutely a major deal here locally. This is a move to improve residency and educational incentive in Davenport without any prominent financial burden on its residents.

What exactly is the point of Davenport Promise then?

Well the goal is to provide a college scholarship to all Davenport residents of high school graduate/GED level regardless of what school they went to or what school they are going to. It will also give a home-buyers grant for returning military and increase public safety. All of this is to be done without increasing property taxes.

Anyone see a problem here? I see that we are now intentionally running this tax at at least 30% over budget overall with capital improvements running 10% under budget. Now understand this isn't the sole funding for capital improvements either so actual numbers are in reality less than a real 10%, but it is still be under budget. So with this, they state that other projects have run under budget and money can be pulled from there though nothing is intentionally allocated to this or labeled in any official manner.

Okay so they want to attract new people to increase real estate values and increase the population to invest into the community and the Davenport Promise Task Force Report states that years of disinvestment in our economy is behind the poverty levels and dropouts in our children. This is may be not a cure all but the right step for us to take to get back on track as the task force and city council have declared overall. Note that not all approve of this and one who has disapproved (out of numerous) is Alderman Bill Lynn.

There are so many potential issues with this and actual issues to start with, first being running the tax over budget. However, there are many what-ifs to consider here one being: What if people come in mass at first but then stop do to increased property values and tuition rates that keep rising? Okay so with this the investment for new people to move here and continue this project is not as great anymore, and let's say with that significantly less come here. Now we have less enrolling students to count on for government funding and assistance in our public schools requiring more money for that was less before. We will then also have many going out which we will have to fund for college and we have to get that money somewhere. With more people utilizing public roads and public resources we in theory cannot afford to cut capital investment funds later down the line so where will this money come from? Another problem with this is that being based on a regressive tax this will have difficult time balancing out economically as it does not account for inflation. An even other concern is the 10% to public safety. This will actually go to a general fund with the intention of use in public safety. So to the firemen and policemen of Davenport their may be intent, but there are no guarantees; no real promises. My fear is that this will end up as more play money for the city.

Where will any of this money come from in these situations? Well, March 24th there was a Davenport Promise Forum at the Red Stone Room hosted by the QC Times, where Davenport Promise Task Force Member Ken Croken stated, "If and when these things happen we will handle them." So they have no real plans for the future; only reliance on the predictions of one analysis done by one, Upjohn, Institute. If these things happen an unknown board not appointed will handle these issues. Well are these board members going to be credible for the positions? We aren't going to know as they haven't been chosen, and will not be till after the fact. Croken also said there were no guarantees for the future either in regard to promises made now. So essentially they will not raise our taxes now, but if push comes to shove (and they are confident they won't) it could all be broken promises for us.

These numbers I look at with Upjohn's report show that in a bad case scenario we could be as much as 2.2 million in debt by year 4, and yet their answer is basically that they'll get around to it. If this is some kind of protectionist policy for questionable future direction then where is the protection from our own solution? Note I am not anti-education, but how could I consider a policy that is meant for my children which could just as likely hurt them or even worse in the end? We already pay the federal government taxes which go to educational grants already such as Pell, and where this goes right in being non-discriminatory we are again seeing taxes go to this thing for up to $1000 more per year for what could be an even worse economic disaster. It should also be noted that it is rightly requiring 400 hours to be able to get it but unfortunately doesn't require a minimum GPA to maintain it. This altogether should have been treated with more profound care.

You can count on me voting no on this policy. It could possibly be worth considering, but absolutely not when it is so fiscally negligent. This is not worth it right now under its current state, and I cannot bear this massive cloud of potential burden on every other citizen of this town. For any Davenport residents please vote no. There are numerous scholarships and grants available, including Pell already present. President Obama even amended the Hope tax credit with the current stimulus bill, increasing the college tax credit to an annual $2500 (and even refundable up to $1000). We have other resources available so please vote no until the city is forced to reevaluate this and treat it more responsibly for us all.

Recently Hugo Chavez, President of Venezuela, has become electable an infinite number of times as a constitutional referendum has removed limits to the terms served by their presidential office. This has attracted a lot of attention due to his authoritarian nature. Historically, presidents in the same situation (eg, Saddam Hussein) have coerced, fear mongered, and even killed for votes to stay in power. Regardless of ethics this is a reality there and now.

But what would this have to do with America?

Nothing directly. But now, though unlikely, we may find ourselves in the same position. Rep. Jose Serrano D-N.Y. filed H.J. Res. 5. If this is passed then it will repeal the 22nd Amendment to the US Constitution making presidents electable to an infinite number of terms.

Thomas Jefferson warned that presidents not bound by term limits could use their popularity and power to become kings. We found this come to fruition with Franklin D. Roosevelt who served 4 terms! Is was through this that it is that the 22nd Amendment cam to life. We finally found out what this would mean.

With this ponder the following: 4+ terms of George W. Bush or now likely 4+ terms of Barrack Obama. If you are not a member of the standing party how will you feel with your voice being muffled for more than a decade or even a lifetime?

It is not surprising that this was filed after Barrack Obama won the election and a Democrat was in office, but this does not make it a right decision. If you would not want lifetime power of a Republican then it is equally not fair to present opportunities for Democrats. Just as we saw an empire of Bush between two members non consecutively we could see an empires out of Obama or the Democratic party in general. It has gone from being referred to the House Committee on the Judiciary and now lies with the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. And now we wait from here to see what happens. I have faith that this will not come to life and will not pass.

However, if you do not want to see this do not lay quietly about it. Call your Representative and speak your outrage! Hold their re-election dependent on voting Nay if necessary.

Martin Mull is well known for his acting roles and especially as a comedian, but this is actually not how he got his start...

He took his education through to his Masters in Painting at Rhode Island School of Design (in affiliation with Brown University).

In recent years his art has been featuring throughout the United States and touring from museum to museum. His art works have featured at the Figge Art Museum in Davenport, Hammer Gallery in Chicago, Rena Branstern Gallery in San Fransisco and many others.

Marting Mull has an interesting and particular style. It is very reminiscent of the likes of Norman Rockwell yet uniquely bizarre and satirical in its own sensibility, critiquing modern culture. It is unfortunate there really isn't an official home for his art over the internet which could be easily accessed by all, but it can be found here and there on some gallery sites.

The stimulus package as many have already seen in the news is that it is filled with pork (or unnecessary ineffective spending), and in many ways this has been very true. It is also in the unfortunate side of politics' nature. If someone or some group is not on board bargaining mechanisms come into play in an attempt to buy someone's vote, and a lot of times this will mean that you might have the opportunity to see something you want thrown in with the bill. Under the current market conditions we are driving up the debt, and printing more money to compensate, we are devaluing the dollar and risk horrible inflation in the near future.

Economists are torn on this bill in whether it will be effective or not. The problem with this package is that we are increasing the debt on a gamble. If we don't stimulate the economy with spending it will be hard for it to turn around. The issue being confidence. Companies have lost confidence and are afraid to invest. Some at this time are willing to invest but in our condition some is not enough. Until the motive is there to invest this is going to be a rough ride.

One option for this to occur is is to let these bad businesses who made bad decisions fail. If they fail and go bankrupt they will be forced to consolidate. This consolidation will open the door for new businesses to compete in the market; recreating a competitive market will give hope back to the economy and will provide incentive to invest.

To aid in this tax incentives are a smart move. To provide tax breaks will encourage investment into the economy. In our current market we need to restore confidence before this will be effective. Bailout with billions hasn't been effective as the money is not being spent, and tax breaks will not be effective until competitive conditions occur. So again tax breaks are a very viable option to aid the economy though it is no more viable than a debt building bailout in a volatile marketplace. We have to restore economic confidence.

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About Me

Hello I'm Nathan Wallace. I am currently in school as a Political Science major, I am married, have three children and work in loss prevention. I like to blog with the little spare time that I have. In my educational efforts I am working through to my Masters, and then Doctorate in Economics.